VC Fund Investments
Fintech startup Dodo Payments raises $1.1 M in pre-seed round
Bengaluru-based fintech startup Dodo Payments has raised USD 1.1 million in a pre-seed funding round led by Antler India, 9Unicorns, and Venture Catalysts. The round also saw participation from Nitin Gupta (Founder, Uni Cards and PayU), Maninder Gulati (former Oyo CSO/Lightspeed), Raymond Russell (former Chief of Staff at Boom Supersonic), Preethi Kasireddy (former Partner, a16z), and Nishant Verman (former CorpDev head, Flipkart).The fresh proceeds will be used to enhance the firm's technological infrastructure by introducing modules for subscriptions, billing, fraud detection, and risk management, as well as support several strategic initiatives. The company plans to establish local payment rails in over 30 countries, focusing on regions such as the European Union, United Kingdom, Southeast Asia, Middle East, Brazil, and Australia.Founded in 2023 by Rishabh Goel and Ayush Agarwal, Dodo Payments simplifies complexities, enabling merchants to easily accept payments from over 150 countries with success rates exceeding 90%. The fintech platform supports over 25 local payment methods, including Apple Pay, Klarna, Affirm, Cash App, UPI, and all major card networks, and is available in 14 languages, covering 86% of the global population.
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